Introduced
by
To establish that lenders who loan money to a local government, with the loan secured by the borrower's "unlimited tax pledge," have a “statutory first lien" (legal claim) on "all taxes subject to the (municipality's) unlimited tax pledge.” Under the bill, such lenders be less likely to have to go to court to enforce their claim.
Referred to the Committee on Financial Liability Reform
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered
by
To establish that if passed the bill will go into effect 90 days after it is enacted.
The amendment passed by voice vote
Passed in the House 108 to 1 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
